Stagflation?
Apr 28, 2022
. . . would be the worst eventuality from the standpoint of Federal Reserve policy decision-making (should its monetary policy try to counter inflation or recession?). They thought the current high rates of inflation would be “transitory,” but inflation is persisting. Meanwhile:
https://mishtalk.com/economics/gdp-declines-1-4-in-first-quarter-of-2022-sounding-recession-bells
